User Account

All Pages

What is her total income this year

Assignment Help Accounting Basics
Reference no: EM133037521

Question - Florence's income this past year included salary of $80,000, $2,000 in interest income, a $8,000 capital gain, and a $5,000 inheritance. For tax purposes, what is her total income this year?

a. $86,000

b. $90,000

c. $95,000

d. $91,000

Reference no: EM133037521

Questions Cloud

How does it affect overall analysis and recommendation : How does it affect overall analysis and recommendation for whether to invest in George Weston limited company
Nursing practice or your own spiritual growth and self-care : Write a reflection paper regarding your thoughts, meaningful ideas, feelings, and/or reactions, and the application of these to nursing practice
Determining the trucking charges associated with shipment : Instructions: the following assignments include determining the trucking charges associated with each shipment using the conversions, tables and CIFFA - Logisti
Ensure referral of products and services : How an organisation can maintain and expand relevant networks to ensure referral of products and services within and outside the organisation (eg. Memberships)
What is her total income this year : Question - Florence's income this past year included salary of $80,000, $2,000 in interest income, a $8,000 capital gain, What is her total income this year
Maintaining records of customer interaction : Maintaining records of customer interaction can be recorded via feedback obtained from customers. Explain the customer benefits of customer feedback forms and t
Differentiate between experimental and ex post facto : Differentiate between Experimental and Ex post facto and Explain where each type may be a preferred option and include relevant examples in each case Evaluation
How much is the net carrying amount of the right of use : The annual lease payment is 1,530,000 starting on December 31, 2020. How much is the net carrying amount of the right of use asset on December 31, 2021
Key motivation techniques : Look at the key motivation techniques discussed in Section 10-4. Pick the three that would most motivate you as an employee and explain why you think they are e

Reviews

Write a Review

Accounting Basics Questions & Answers

  Purchasing equipment in exchange for a long-term note

Purchasing equipment in exchange for a long-term note, Depreciation expense is subtracted from net income

  What is effective annual interest rate

Your client has just purchased a business for $200,000 and made a cash payment for 20% of the purchase price. What is effective annual interest rate

  What point in the accounting cycle is the retained earning

What point in the accounting cycle is the Retained Earning account updated with the income/loss for the current period? Please explain in a couple of lines.

  What is the actual amount of asset that will be recorded

Paid sales tax on total purchases equal to 15,000. What is the actual amount of asset that will be recorded in the books of University? Also record its entry

  Determine the net income for the quarter april

Danks Co. was organized on April 1, 2010.The company prepares quarterly financial statements. Determine the net income for the quarter April 1 to June 30

  Vopat inc is a retail store operating ina state with a 5

vopat inc is a retail store operating ina state with a 5 retail sales tax. the state law provides that the retail sales

  Identifying anomalies for the given case

Identifying Anomalies. Use the Event Viewer to analyze the logs on your computer. In your logs, find an event that is an anomaly such an error or warning.

  How would characterize the total of gain

How would you characterize the total of $50,000 gain from this liquidating distribution? Partner A receives a liquidating distribution of $150,000 in cash

  Compute the predetermined variable overhead rate

Peyton Company product a putter called PAR-putter. Compute the predetermined variable overhead rate and predetermined fixed overhead rate

  Explain the double taxation problem

Briefly explain the double taxation problem and how paying large salaries to owners avoids it.

  Calculate the depreciation expense per year

Residual value at the end of five years is estimated to be $56,000. Calculate the depreciation expense per year using the straight-line method

  What is the ending balance for raw materials

You work for Thunderduck Custom Tables Inc. This is the first month of operations. What is the ending balance for raw materials

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd